Dear Professionals,
For a SEZ unit, if we are purchasing car then can we utilise the input tax credit or the taxes will be cost to us.
Menu
Sez unit : input tax credit for capital goods, cars
Replies (7)
ITC cannot be claimed for vehicles as per Sec 17(5) Blocked credits. Yes. It will be a cost and you can claim depreciation for car.
Yes... I agreed to Mr Rakesh Joshi.
@ Mr. Amol.,
Yes... It's Your cost of Purchase of Car.
@ Mr. Amol.,
Yes... It's Your cost of Purchase of Car.
Ok, so this applies to SEZ too.
Yes ... Because supply to Sez unit the supplier cannot collect IGST from Sez but that is only in case of operational goods or services (The sez is dealing) & Car is not Operational goods & moreover its block u/s 17(5)
Yes... I agreed to Mr Pankaj Rawat.
Dear Mr. Pankaj,
In our case we are buying small truck which is used for carrying the goods from SEZ unit to Shipping port.
Pls confirm can we avail GST exception.
exemption on commercial vehicles for transport the goods can be availed.
Recent Topics :
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
- Subject: Urgent Assistance Required – TRACES
- Claiming business re-imbursements while filing GST
- E-waybill 14 Digit Numbring
- Non filing of MGT-14 for MD appointment
- HUF AFFIDAVIT vs HUF DEED - REQUIREMENTS & STA
- Free Pre-Filing Tool to Match GSTR-3B vs GSTR-2B (
- MR AASHOK KUMAR SHARMA
- NIC codes for FIRMS registration of entity
Related Topics :
CAclubindia
